Economy
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BP pauses all Red Sea shipments after rebel attacks
Oil giant BP will pause all shipments of oil through the Red Sea after recent attacks on vessels by Houthi…
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US Steel to be bought by Japan’s Nippon in $15bn deal
Japanese steel giant Nippon has announced plans to buy US Steel in a deal worth nearly $15bn (£12bn). The purchase…
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Southwest Airlines fined $140m for holiday meltdown
Southwest Airlines has been fined a record $140m (£110m) by the US Department of Transportation (DOT) over its operational meltdown…
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More big shipping firms stop Red Sea routes after attacks
The world’s largest shipping group, Mediterranean Shipping Company (MSC), has announced it is diverting its ships away from the Red…
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Russia to make deeper oil export cuts in December, Russian deputy PM Novak says
Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or more,…
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Dollar curbs weigh on Iraqi citizens’ daily life
In Iraq’s southern city of Basra, Al-Harith Hassan has been struggling to withdraw his salary in dollars for months as…
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Ozempic maker’s obesity-fueled share gains seen slowing after banner year
A frenzy around obesity drugs made Novo Nordisk A/S Europe’s biggest stock-market success story of 2023. Repeating the trick won’t…
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Coal consumption to peak in 2023, but demise of dirtiest fuel to be slow: IEA
Global efforts to boost clean energy and rein in carbon emissions have had a clear impact on coal: consumption of…
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Another Indian airline backed by billionaire heading for closure
Another Indian airline backed by a billionaire is on the brink of shutting down for good, having tried and so…
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GM to lay off 1,300 workers at two US plants
General Motors said on Thursday it is laying off 1,300 workers at two Michigan auto factories in early January. The…
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